Li Auto demonstrated strong year-over-year growth in vehicle deliveries and maintained a leading market position. Despite quarter-over-quarter declines in revenue and deliveries due to seasonal factors, the company showed resilience with ongoing product innovations and network expansions, offsetting some challenges. The sentiment is balanced with both positive achievements and notable challenges.

Company Guidance -

Q2 2025

During the first quarter of 2025, Li Auto delivered over 92,000 vehicles, marking a 15.5% year-over-year increase, and reported total revenues of RMB 25.9 billion. The company achieved a market-leading 14.1% market share in the RMB 200,000 and above NEV segment in China as of April. Li Auto's gross profit for the quarter was RMB 5.3 billion, with a gross margin of 20.5%. Vehicle deliveries for the second quarter are expected to be between 123,000 and 128,000 units, with anticipated revenues ranging from RMB 32.5 billion to RMB 33.8 billion, reflecting a 2.5% to 6.7% year-over-year increase. The company has also expanded its supercharging network to 2,350 stations and plans to grow this to 4,000 stations by the end of the year, supporting the upcoming launch of BEV models.

Strong Vehicle Deliveries

Li Auto delivered over 92,000 vehicles in the first quarter of 2025, marking an increase of 15.5% year-over-year. The company maintained a strong market presence with a 14.1% share in April.

Revenue and Market Leadership

The company achieved total revenues of RMB25.9 billion, with significant growth in the RMB200,000 and above NEV market in China, growing at twice the market rate.

Product Innovation and Launch

Launch of new models like Li MEGA Home and new Li L Series, featuring advanced technologies such as NVIDIA's Thor-U chip and ATL LiDAR sensors. Li MEGA Home accounted for over 90% of orders with a strong backlog.

Supercharging Network Expansion

Li Auto operates 2,350 supercharging stations and plans to increase this to 4,000 by the end of the year, covering extensive urban and highway networks.

Net Income Growth

Net income for the quarter was RMB646.6 million, up 9.4% year-over-year, despite a quarter-over-quarter decrease.

Li Auto (LI) Earnings, Revenues Date & History

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LI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 02, 2025	2025 (Q2)	0.24 / -	0.359	―	―	―
May 29, 2025	2025 (Q1)	0.19 / 0.34	0.168	100.00% (+0.17)	―
Mar 14, 2025	2024 (Q4)	0.40 / 0.53	0.588	-10.19% (-0.06)	―
Oct 31, 2024	2024 (Q3)	0.37 / 0.51	0.457	10.64% (+0.05)	―
Aug 28, 2024	2024 (Q2)	0.19 / 0.36	0.36	-0.31% (>-0.01)	―
May 20, 2024	2024 (Q1)	0.24 / 0.17	0.187	-9.97% (-0.02)	―
Feb 26, 2024	2023 (Q4)	0.44 / 0.59	0.069	754.25% (+0.52)	―
Nov 09, 2023	2023 (Q3)	0.37 / 0.46	-0.088	620.79% (+0.54)	―
Aug 08, 2023	2023 (Q2)	0.25 / 0.36	-0.024	1622.35% (+0.38)	―
May 10, 2023	2023 (Q1)	0.05 / 0.19	0.065	185.96% (+0.12)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 29, 2025	$27.90	$28.49	+2.11%
Mar 14, 2025	$28.72	$27.46	-4.39%
Oct 31, 2024	$28.94	$25.01	-13.58%
Aug 28, 2024	$21.22	$17.80	-16.12%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.